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Customised loans could pay for dream homes

Homebuyers will take out two loans in the future – one topay for the

property and oneto turn it into their dream home, according to new research

from the CML.

The research looks at challenges facing housebuilders. It concludes the UK

has been slow to adapt to the desire of homebuyers for more customised


Consumers&#39 needs and desires are changing. For example, the average house

is getting smaller yet people are demanding more living space.

The CML says the increasing tendency of people to work from home, the lack

of suitable land for buildingand the increase in capital flow are all

influencing the housing market.

CML deputy director general Peter Williams says: “Lenders could have a

role in developing a new range of different types of loans, perhaps with

separate finance for land, construction and the internal fitting out of new



&#39Societies must give pledges to push mutuality message&#39

Building societies are being warned not to be complacent about mutualityand to make themselves more relevant to their customers before theycomplain to the Government.Speaking at the BSA annual conference in Edinburgh last week, outgoingchairman David Smith urged societies to come up with three pledges topromote the benefits of mutuality and then take to the road […]

Chase de Vere pays £130k in court case

Investment IFA Chase de Vere is facing a bill of £130,000 in legalexpenses after a court threw out its £10,000 claim against a formeradviser.The company went to court in an attempt to reclaim £10,000 incommission from Vanessa Barnes because it believed she missold a pension toone of its clients.But the claim was dismissed and Chase […]

Databases will beat the panels

Let&#39s pull the curtain down on product panels. Let&#39s make technologycentre stage. Let&#39s explode the myths aboutnetworks and product panels.I can, of course, only speak for my own network but it is a misconceptionthat deals are struck with a small number of product provi-ders which pass backlarge amounts of commission in return for access to […]

Mike Fuller

As a man whose dream has just come true, it is not surprising that MikeFuller exudes enthusiasm and confidence for his latest project.Fuller is the brains behind one of the UK&#39s newest life offices, EvergreenRetirement Assurance. It has given him the opportunity he has long craved –being chief executive of a life company which concentrates […]


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